Shares of Viomi Technology Co Ltd – (NASDAQ:VIOT) have received an average broker rating score of 1.75 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy recommendation.
Brokers have set a twelve-month consensus price target of $11.45 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Viomi Technology an industry rank of 111 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday.
VIOT traded down $0.08 during midday trading on Monday, hitting $8.91. 3,326 shares of the company were exchanged, compared to its average volume of 110,557. The business has a 50 day moving average of $8.61. The stock has a market cap of $626.06 million and a price-to-earnings ratio of 32.00. Viomi Technology has a 1-year low of $7.24 and a 1-year high of $15.84.
Viomi Technology (NASDAQ:VIOT) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.09). The business had revenue of $676.20 million during the quarter, compared to the consensus estimate of $682.00 million. The business’s quarterly revenue was up 104.4% compared to the same quarter last year. On average, research analysts forecast that Viomi Technology will post 0.84 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of VIOT. FIL Ltd boosted its holdings in shares of Viomi Technology by 38.4% in the first quarter. FIL Ltd now owns 1,091,703 shares of the company’s stock valued at $12,085,000 after purchasing an additional 302,646 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Viomi Technology in the first quarter valued at approximately $152,000. SG Americas Securities LLC purchased a new stake in shares of Viomi Technology in the first quarter valued at approximately $647,000. Norges Bank purchased a new stake in shares of Viomi Technology in the fourth quarter valued at approximately $1,365,000. Finally, CI Investments Inc. boosted its holdings in shares of Viomi Technology by 0.5% in the fourth quarter. CI Investments Inc. now owns 753,900 shares of the company’s stock valued at $5,880,000 after purchasing an additional 3,900 shares during the period. 12.04% of the stock is currently owned by hedge funds and other institutional investors.
About Viomi Technology
Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.
Further Reading: What are some reasons analysts would give stocks a buy rating?
Get a free copy of the Zacks research report on Viomi Technology (VIOT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Viomi Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viomi Technology and related companies with MarketBeat.com's FREE daily email newsletter.